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Thursday, December 19, 2024 | 05:48 PM ISTEN Hindi

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Is China ahead of the United States in development of self driving cars?

Silicon Valley never quite made it in China, and this time won't be different. The same can't be said of Chinese capital

Apple's biz model will backfire in self-driving cars
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Anjani Trivedi | Bloomberg
Everybody wants autonomous vehicles now: It’s the auto industry’s way forward and Silicon Valley’s latest preoccupation. China is no different.

Alibaba Group Holding Ltd. is testing self-driving cars in China, and Baidu Inc. started trials of autonomous technology last year. BMW AG earlier this month was the first foreign carmaker to get a license to test its offering in China. In mid-May, Shenzhen-based Roadstar.Ai LLC raised a record amount from Chinese investors.

Meanwhile, Tencent Holdings Ltd. and bigger-than-Uber ride-hailing provider Didi Chuxing said in the last couple of weeks they’re testing autonomous cars in California. They join a host of niche Chinese

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